High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Forexlive Americas FX news wrap: ECB cuts rates by 25 basis points
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
New Zealand manufacturing PMI plunges deeper into contraction – November 45.5 (prior 45.8)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US data “the definition of sticky inflation” above 2%. Analysts trim easing forecasts.
Wells Fargo is dialling back the dovishness in the wake of solid inflation reports out of the US on Wednesday and Thursday. Before I get to Wells Fargo, check out this clear-eyed view of inflation developments in the US:I posted yesterday similar, but thought it was...
Restoration Hardware emphasizes that it’s ” the worst housing market in 30 years”
Restoration Hardware is out with third quarter results and shares are up 13% after hours as they were much better than feared. The company isn't shy about sharing its views on the economy so the call later will be notable.Here are some macro highlights of the...
US stocks close near the lows for the day
Major US stock indices are closing near the lows for the day. Recall from yesterday, the NASDAQ index closed at a new record high. The S&P index traded above its all-time close but ended the day below that level. Today both indices moved away from those record...
Economic calendar in Asia 13 December 2024 – Bank of Japan Tankan report
The Bank of Japan's (BOJ) Tankan survey is a key indicator of business sentiment. Its scheduled for release on December 13, 2024. This quarterly report assesses the confidence levels of Japanese enterprises and provides insights into economic conditions.This Tankan...
Trade ideas thread – Friday, 13 December, insightful charts, technical analysis, ideas
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
What’s the important chart for US natural gas?
US natural gas prices jumped 2.5% today after a surprisingly large draw in weekly inventory data. The 190 bcf drawdown compared to the average of the week of 66 bcf.This the top chart on most natural gas decks as it shows natural gas storage relative to the past five...
NZDUSD trades near lows for the day and the year.
The NZD/USD hit a new low for the year yesterday, bottoming at 0.57604, just within the key swing area between 0.5741 and 0.5772 on the daily chart. The price rebounded into the close and continued higher during the early Asian session today, reaching 0.58138, a swing...
Global growth to continue but policy risks dominate 2025 forecast from TD Economics
TD Economics sees a chaotic but growing 2025 economy ahead, with Trump policies potentially shaking up markets. The bank expects both the US and Canadian economies will navigate through policy uncertainties, but warns of significant risks from potential tariffs and...
SocGen: We expect USD/JPY to drop into the 130s in the first half of 2025
USDJPY dailySocGen expects USD/JPY to experience at least a temporary dip into the 130s in the first half of 2025 due to shifting yield dynamics, despite the pair currently trading near 152.Key Points:Yield Differential as Key Driver:USD/JPY has closely tracked...
GBPUSD technical analysis: Key levels to watch for potential price movement
The buyers had their chances to push higher, but momentum failed to materialize. Over the past five trading days, the price moved above the falling 200-bar moving average (MA) on the 4-hour chart during four sessions. On the fifth day, the high for the session stalled...
Canada to consider export taxes on oil and uranium if Trump imposes tariffs – report
Canada lately has been floating a hard line against potential tariffs under Trump. A report from Bloomberg says Canada will consider export tariffs on oil, uranium and potash if Trump imposes the 25% across-the-board tariff he's tweeted about.USD/CAD has risen about...
How bad are China’s true GDP figures? A former official advisor says they’re off by 50%
China is truly a black box.For the past 15 years I've heard that China's GDP numbers were off-kilter but the country has clearly produced some impressive results in construction, infrastructure, the environment and living standards.That said, the mystery about GDP...
ECB prepared for 25 bps rate cut at each of the next two meetings – report
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Italy’s economy minister sees GDP growth of +0.7% this year
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US Treasury auctions $22B of 30 year bonds at a high yield of 4.535%
The US treasury auctioned off $22B of 30 year bonds. The folllowing are the results along with the resuilts of the major components compared to the 6 month averages:High yield 4.535%WI level at the time of the auction 4.523%Tail 1.2 bps vs 0.2 basis points aveeageBid...
US treasury to finish the coupon auctions this week with the sale of $22B of 30Y bonds
The US treasury will complete the coupon auctions for the week with the sale of $22 billion 30 year bonds (well 29 year and 11 month bonds). The sale will provide another key test for duration demand, following the strong reception to yesterday’s 10-year auction....
EURUSD follows the technical script
The EUR/USD is following a well-defined technical script after the ECB's 25-basis-point rate cut. The pair initially dropped to a low of 1.0463, just above the upper boundary of a key swing area between 1.0448 and 1.0461. Buyers stepped in at this risk-defining level,...